Elon Musk's SpaceX will reportedly invest USD 2 billion into the xAI company. This comes after Elon Musk denied that xAI was seeking a USD 200 billion valuation in the next fundraising round by replying, 'We have plenty of capital.  According to a report by WSJ, Elon Musk's SpaceX agreed to invest USD 2 billion in his AI startup as part of a USD 5 billion equity round. The investment move will help the company rival Sam Altman's OpenAI. X India Subscription Price Drop: Elon Musk’s Platform Slashes Prices of Its Paid Plans by 48%, Check New Subscription Costs of Basic, Premium and Premium+ Options.

SpaceX Planning to Invest USD 2 Billion in xAI

(SocialLY brings you all the latest breaking news, fact checks and information from social media world, including Twitter (X), Instagram and Youtube. The above post contains publicly available embedded media, directly from the user's social media account and the views appearing in the social media post do not reflect the opinions of LatestLY.)